Las Vegas Sands Corp. (NYSE:LVS) has earned a consensus recommendation of “Hold” from the seventeen brokerages that are currently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and eight have assigned a buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $73.79.
A number of equities analysts have recently weighed in on LVS shares. Zacks Investment Research lowered Las Vegas Sands from a “hold” rating to a “sell” rating in a research report on Friday, September 28th. Morgan Stanley reaffirmed a “buy” rating on shares of Las Vegas Sands in a research report on Monday, December 3rd. Goldman Sachs Group lowered Las Vegas Sands from a “conviction-buy” rating to a “buy” rating in a research report on Friday, October 19th. Bank of America reaffirmed a “hold” rating and set a $60.00 target price on shares of Las Vegas Sands in a research report on Tuesday, October 16th. Finally, HSBC raised Las Vegas Sands from a “hold” rating to a “buy” rating and set a $69.00 target price on the stock in a research report on Monday, October 15th.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Andra AP fonden raised its position in Las Vegas Sands by 7.8% in the 2nd quarter. Andra AP fonden now owns 113,000 shares of the casino operator’s stock valued at $8,629,000 after buying an additional 8,200 shares during the last quarter. Dakota Wealth Management raised its position in Las Vegas Sands by 131.5% in the 3rd quarter. Dakota Wealth Management now owns 8,103 shares of the casino operator’s stock valued at $481,000 after buying an additional 4,603 shares during the last quarter. NN Investment Partners Holdings N.V. raised its position in Las Vegas Sands by 26.7% in the 3rd quarter. NN Investment Partners Holdings N.V. now owns 1,101,491 shares of the casino operator’s stock valued at $65,350,000 after buying an additional 232,106 shares during the last quarter. Alps Advisors Inc. increased its position in shares of Las Vegas Sands by 28.1% during the 3rd quarter. Alps Advisors Inc. now owns 7,966 shares of the casino operator’s stock valued at $473,000 after purchasing an additional 1,749 shares during the last quarter. Finally, Signition LP purchased a new stake in shares of Las Vegas Sands during the 3rd quarter valued at $382,000. 37.02% of the stock is owned by institutional investors and hedge funds.
Las Vegas Sands (NYSE:LVS) last posted its quarterly earnings results on Wednesday, October 24th. The casino operator reported $0.77 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.04). The business had revenue of $3.37 billion for the quarter, compared to the consensus estimate of $3.41 billion. Las Vegas Sands had a return on equity of 34.18% and a net margin of 27.71%. On average, equities research analysts forecast that Las Vegas Sands will post 3.4 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, December 27th. Investors of record on Tuesday, December 18th were given a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 5.20%. The ex-dividend date of this dividend was Monday, December 17th. Las Vegas Sands’s payout ratio is currently 98.68%.
Las Vegas Sands Company Profile
Las Vegas Sands Corp., together with its subsidiaries, develops, owns, and operates integrated resorts in Asia and the United States. It owns and operates The Venetian Macao Resort Hotel, the Sands Cotai Central, The Parisian Macao, The Plaza Macao and Four Seasons Hotel Macao, Cotai Strip, and the Sands Macao in Macao, the People's Republic of China; and iconic Marina Bay Sands in Singapore.
Further Reading: Debt-To-Equity Ratio
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